164 Units - 30,570 NRSF + Parking - Below Replacement Cost - Expansion Potential
This 30,570 SF self-storage facility on 1.61 acres in Odessa, TX, offers a value-add investment opportunity at under $50/SF. With 164 units and a diverse unit mix ranging from 10x15 to 10x40, the property caters to both traditional self-storage and contractor storage needs as well as 13 uncovered parking spots. Currently 57% occupied and leasing up steadily, this facility provides a strong value-add opportunity in a great location.
For the last 12 months the property has undergone extensive improvements which include new exterior lighting, fresh paint, upgraded security cameras, 2 new gates with Liftmaster gate motors, OpenTech access control with entry and exit keypads, door repairs, and clearing out abandoned property to allow for uncovered parking.
Facility is remotely managed utilizing local boots on the ground (BOTG) and OpenTech’s Remote Manager.
- Offered Below Replacement Cost – Only $50/SF
- Recently Renovated – New exterior lighting, fresh paint, upgraded security cameras, gates
- Expansion Potential – 1.61-acre lot allows for additional storage units or pre-fab portable units to increase revenue. Site will allow adding 48 units that are 8x10.
- 800 SF On-Site Apartment – 1 bed / 1 bath with full kitchen, ideal for an owner/operator or additional rental income
- Secure & Efficient Operations – Remotely managed with OpenTech access control system
- Prime Location – 1 block from Interstate 20, offering excellent visibility and accessibility
- Diverse Unit Mix – 164 units, sizes from 10x15 to 10x40, appealing to a wide range of tenants
- Strong Lease-Up Trend – Occupancy growing month over month
- Clean Phase 1 Environmental Report – Completed and available for review
Listing broker is the principal owner.